Disclosure Under Regulation 30 of the Securities And Exchange Board of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 is attached.
Awaiting price reaction for this filing.
Birla Cotsyn has responded to BSE's query regarding why its Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2025, show identical figures. The company explained that its wholly owned subsidiary, Birla Cotsyn (India) Limited FZE (UAE), remained dormant throughout the CIRP and liquidation period (2018-2025), with no revenue, operations, or material transactions. Consolidation adjustments are nil, as the subsidiary contributed 0% to revenue and profit. The company went through CIRP from November 2018, was put into liquidation in September 2019, and was revived via a Composite Scheme of Compromise and Arrangement approved by NCLT Mumbai on January 9, 2025, with acquirers Nikhil Jain, Rohstoffe International, and Wendt Finance committing Rs. 52.43 crore to settle stakeholder dues. Old promoter shareholding is being extinguished while public shareholders retain 5%. BSE's objections on prior NOC were dismissed by NCLAT and the Supreme Court.
Shareholders get clarity that the seemingly suspicious identical numbers reflect operational reality rather than misreporting, and the company has emerged from liquidation with a sanctioned revival plan. However, the subsidiary remains dormant with documentation gaps, and future operational revival is still in early stages.